| Metric | Value |
| Price | $4,240.10 per troy ounce (spot gold, USD) |
| Daily change | −1.2% |
| Date | September 16, 2026, 19:10 UTC |
| Main driver | Federal Reserve rate hike and a stronger dollar |
What Happened
Spot gold fell 1.2% to $4,240.10 per troy ounce on September 16 at 19:10 UTC, according to Reuters. The decline followed the Federal Reserve’s rate decision. This entry follows September 15’s documentation in the Gold Price Analysis archive.
Why Gold Fell
Reuters reported that the Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75%–4.00% and signaled further increases. The dollar strengthened as gold reversed earlier gains.
Higher interest rates tend to increase the opportunity cost of holding gold, which pays no interest. A stronger dollar can also make dollar-priced bullion more expensive for buyers using other currencies. These relationships provide context for the day’s reaction; see Gold Essentials.
What to Watch Next
Inflation data, Treasury yields and the dollar remain relevant to the market’s response. Stronger inflation readings could reinforce expectations of tighter policy; softer readings could ease those expectations. The direction of the next move remains open.
FAQ
Why did gold fall on September 16?
Reuters linked the reversal to the Federal Reserve’s rate increase and the stronger dollar.
What was the gold price on September 16?
Spot gold traded at $4,240.10 per troy ounce at 19:10 UTC, down 1.2% on the day.
Which developments matter next?
Inflation releases, interest-rate signals and movements in the dollar and Treasury yields.
Dhbna documents the gold path through dated prices and attributable events. Learn about Dhbna or contact us.
Disclaimer
For documentation and information only, not investment advice. The price is an intraday reference, not a closing level. Privacy policy.